The coronavirus business interruption loans are Government backed loans from £25,000 to £5m and are designed to help businesses survive the current crisis.

However, it appears that you need to be careful in applying for such a loan as some lenders appear to be selling other products that carry high interest rates, while others are asking for personal guarantees secured on the borrowers property.

The extent of this is covered by the BBC here

Hopefully rules will be given to banks to help businesses in need of the funding to access it and stay open during the crisis